An attorney that my family retained did this. He graduated in 2006 and has a solo practice in lower Manhattan. I am considering maybe going this route as well. Anyone else know of anybody who did this? Any thoughts would be appreciated.
Quote from: jeffislouie on November 11, 2007, 05:20:11 PMI know I wouldn't want to hire a 25 year old kid with no experience to close my real estate transaction....Would you?Actually, that is exactly what I did. In New York, if you purchase real estate above a certain amount, you are required by state law to retain counsel to review the offering plan and contract. I shopped around and everyone was $2000 or more. The attorney I ended up retaining was $800 but he just graduated from law school in 2006. I figured that retaining him should be fine because all the attorney does in this sort of transaction is review the terms of the contract (a task that I as a 3L could probably do by myself). In fact, if I wasn't required to retain an attorney by law, I probably would have just reviewed the contract by myself anyways. Also, I wouldn't be surprised if an experienced (and hence busy) attorney would just skim the contract instead of peruse it carefully.
I know I wouldn't want to hire a 25 year old kid with no experience to close my real estate transaction....Would you?